The Duke of Sussex has said that he and his wife are standing down from the Royal Family with "great sadness", but there was "no other option".
Prince Harry said he and Meghan had hoped to continue serving the Queen, the Commonwealth and his military associations without public funding, but that this "wasn't possible".
It was confirmed over the weekend that from the Spring, the couple will no longer use the title of HRH and will stop carrying out royal duties.
Prince Harry will lose three of his military appointments, including Captain General Royal Marines, a role which he was awarded in December 2017, succeeding the Duke of Edinburgh.
Making his first public speech since the couple's decision to step down as senior royals, at a charity dinner in London, he said he wanted his family to have a "more peaceful" life.
The fund-raising reception for Sentebale, which he co-founded to help children living with HIV in southern Africa, heard that the UK will remain the home of the couple.
The family, with Meghan and baby Archie, will now divide their time between North America and Britain.
Watch: Prince Harry: 'I can only imagine what you may have heard, or perhaps read, over the past few weeks.'
Other military ties being lost by Prince Harry include the roles of Honorary Air Commandant of RAF Honington and Commodore-in-Chief of Small Ships and Diving, Royal Naval Command.
Buckingham Palace issued a statement that outlines how Harry and Meghan will "no longer formally represent the Queen".
The "new model" for the Duke and Duchess' lives will be reviewed after 12 months.
Cover image: Prince Harry in Buckingham Palace's gardens last week (Picture: Jeremy Selwyn/Evening Standard/PA Wire).